Sat Nov 21 2009
First Defiance Financial Corp., the holding company of First Federal Bank of the Midwest, is found on the broad-market Russell 3000 Index after Russell Investments reconstituted its comprehensive set of U.S. and global equity indexes.
The Russell U.S. indexes are reconstituted annually based on total market capitalization. Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings.
"Inclusion in the Russell 3000 Index represents market recognition and acceptance," said William Small, president of First Defiance. "This is another opportunity to increase our company's visibility, highlight our unique standing among community banks in the Midwest, and bring our focused strategy to the attention of a wider audience of investors."
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies.
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